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Tesla faces bumpy ride after recent results. Can AI drive its recovery?
By Beansprout  •  November 5, 2023

What happened?

Tesla’s share price has been extremely bumpy journey of late. There were periods of sharp declines between Nov 2022 to Jan 2023, before its staging a strong recovery in the early part of 2023.  Tesla’s share price fell sharply after releasing its 3Q23 results, declining by 15% in a single week.  At the same time, Tesla bulls believe that its supercomputing training system “Dojo” will open up significant new possibilities for the company beyond electric vehicles. Let’s explore if Tesla’s share price weakness is a window of opportunity for investors, and if artificial intelligence (AI) can change the company’s prospects.  Source: Webull as of 23 October 2023

What are investor concerns for Tesla?

#1 Production issues 

Tesla produced 430,488 electric vehicles in the third quarter of 2023, a decline from 479,700 units in the second quarter.  Tesla had attributed the fall to production issues as they retrofitted...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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